- Home
- Doing Business
- Build or Remodel
- Things to Know
- Permit Valuations
Permit Valuations
Before you start an application, you should be prepared to provide an estimate of the valuation of the work you are proposing. This estimated valuation total is required for your permit application.
Permit Valuations
It is the applicant's responsibility to provide an estimate of the value of the work proposed. The permit valuation includes the total value of the work for which a permit is being issued. This includes the following material and labor expenses:
- Audio Visual systems
- Building
- Electrical
- Elevator systems
- Finish Materials (e.g. cabinets, paint, flooring, counter tops, etc.)
- Fire Sprinkler
- Gas
- HVAC systems and controls
- Lighting
- Mechanical
- Plumbing
The following expenses are not included in the permit valuation total:
- Architectural design
- Cleaning services
- Engineering design
- Landscaping and planting
- Trash removal services
- Utility tap fees
Calculating Permit Valuations
You are expected to use the market value for your valuation calculations, based on what it will actually cost to construct your project.
This includes materials and labor for the structure, finish materials and building systems such as audio visual, lighting and equipment rental and contractor fees. Costs such as architectural and engineering design fees, landscaping and planting, tap fees, development mitigation fees, trash removal and cleaning are not included. This calculation is expected to change based on the quality of the finish work and fixtures, and different values are accepted for luxury, standard, and affordable units.
Valuations that are submitted below accepted standards will be required to go through the valuation adjustment process.
Permit Valuation Adjustments
Projects with valuations greater than $100,000 that are also rejected for being too low by the Permit Coordinators are eligible to apply for adjustments to their permit valuation. The Chief Building Official is authorized to adjust permit valuation when the applicant provides detailed estimates of work to justify a valuation below accepted standards. You will need to submit the following application and documents if your submitted valuation is rejected. Download the Valuation Adjustment Application (PDF).
Adjustments to your permit valuation will be reviewed by the permit coordinator, and signed off by the CBO if approved.
Contact Us
Should you have any questions, please contact us at the information below:
Permit Coordinator
Community Development
Phone: 970-920-5090
Email
-
Building Support
Physical Address
427 Rio Grande Place
Main Floor
Aspen, CO 81611
Phone: 970-920-5090